Teacher Retirement System of Texas Has $1.91 Million Position in Chart Industries, Inc. $GTLS

Teacher Retirement System of Texas trimmed its stake in shares of Chart Industries, Inc. (NYSE:GTLS) by 21.3% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 9,521 shares of the industrial products company’s stock after selling 2,578 shares during the quarter. Teacher Retirement System of Texas’ holdings in Chart Industries were worth $1,906,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Nordea Investment Management AB raised its holdings in shares of Chart Industries by 5.7% in the 2nd quarter. Nordea Investment Management AB now owns 1,906,083 shares of the industrial products company’s stock worth $317,248,000 after acquiring an additional 102,226 shares during the last quarter. Atlantic Investment Management Inc. raised its stake in shares of Chart Industries by 33.7% in the second quarter. Atlantic Investment Management Inc. now owns 274,699 shares of the industrial products company’s stock worth $45,229,000 after purchasing an additional 69,300 shares during the last quarter. D.A. Davidson & CO. bought a new position in shares of Chart Industries in the second quarter valued at approximately $294,000. Ethic Inc. boosted its position in shares of Chart Industries by 3.8% during the second quarter. Ethic Inc. now owns 2,812 shares of the industrial products company’s stock valued at $472,000 after buying an additional 103 shares during the last quarter. Finally, Alpine Associates Management Inc. purchased a new position in shares of Chart Industries during the second quarter valued at approximately $12,143,000.

Chart Industries Stock Up 0.1%

Shares of NYSE GTLS opened at $207.36 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.40 and a quick ratio of 1.15. The stock has a market capitalization of $9.32 billion, a PE ratio of 252.88, a P/E/G ratio of 0.79 and a beta of 1.74. Chart Industries, Inc. has a one year low of $104.60 and a one year high of $216.44. The business’s fifty day moving average price is $206.03 and its 200-day moving average price is $199.92.

Chart Industries (NYSE:GTLS) last posted its earnings results on Wednesday, October 29th. The industrial products company reported $2.78 earnings per share for the quarter, missing the consensus estimate of $3.02 by ($0.24). Chart Industries had a return on equity of 14.17% and a net margin of 1.55%.The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the previous year, the business earned $2.18 EPS. Chart Industries’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, equities research analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GTLS. Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a research note on Monday, December 29th. JPMorgan Chase & Co. increased their target price on shares of Chart Industries from $194.00 to $210.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Three investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Chart Industries presently has an average rating of “Hold” and an average price target of $206.00.

About Chart Industries

Chart Industries, Inc (NYSE: GTLS) is a leading global manufacturer of engineered equipment for the storage, distribution and end-use of hydrocarbon and industrial gases. The company specializes in cryogenic systems and components, serving key markets such as energy, chemical processing, industrial gas, food and beverage, and medical gases. Chart’s product portfolio includes large-scale cryogenic storage tanks, vaporizers, heat exchangers and pump systems designed to maintain gases in liquid and gaseous states under extreme conditions.

Founded in 1992 and headquartered in Ball Ground, Georgia, Chart Industries has evolved through targeted acquisitions and organic growth to expand its technological capabilities and geographic reach.